• Bitcoin price on Wednesday is trading in minor positive territory up some 0.50%. 
  • BTC/USD is being supported to the upside by an ascending daily trend line. However, price remains within consolidation mode, following the weekend selling. 

 

Spot rate:               3815.81

Relative change:    +0.56%

High:                       3822.74

Low:                        3779.71

 

Trend:                      Neutral

Trends:

    Daily SMA20: 3690.45
    Daily SMA50: 3624.8
    Daily SMA100: 3810.07
    Daily SMA200: 5153.46
Levels:
    Previous Daily High: 3827.21
    Previous Daily Low: 3766.84
    Previous Weekly High: 3984.92
    Previous Weekly Low: 3556.71
    Previous Monthly High: 4110.71
    Previous Monthly Low: 3341.58
    Daily Fibonacci 38.2%: 3789.9
    Daily Fibonacci 61.8%: 3804.15
    Daily Pivot Point S1: 3767.07
    Daily Pivot Point S2: 3736.77
    Daily Pivot Point S3: 3706.7
    Daily Pivot Point R1: 3827.45
    Daily Pivot Point R2: 3857.52
    Daily Pivot Point R3: 3887.82

 

BTC/USD 60-minute chart

  • BTC/USD near-term price action is moving within a potential bearish flag formation via the 60-minute.

 

BTC/USD daily chart

  • Price action is being guided to the upside by an ascending trend line, that has been in play since 8th February.


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